BOSTON, MA – The Boston office of HFF (Holliday Fenoglio Fowler, L.P.) has arranged a $26 million refinancing for Landmark Square, (bottom right photo) a 132-unit, Class A multi-housing property in Boston’s Back Bay/Fenway area. HFF senior managing director Bob Herron (top right photo), director Greg LaBine (top left photo) and senior real estate analyst Porter Terry worked exclusively on behalf of the borrower, The Abbey Group, to secure the fixed-rate loan through Prudential Mortgage Capital Company.
Loan proceeds are refinancing a maturing loan.
Landmark Square is located at 75 Peterborough Street within walking distance to the Longwood Medical area, Fenway Park and Symphony Hall.
Completed in 2000, the seven-story property has one-, two- and three-bedroom units averaging 984 square feet each. Landmark Square is 96% leased and includes an 89-space underground parking garage.
“Landmark Square was a very attractive transaction to bring to market given its high-quality sponsorship, Class A product, and location on an upscale street within close proximity to several of the city’s most prestigious educational institutions and cultural hubs,” said Herron.
The Abbey Group is a Boston-based commercial real estate developer and owner. The company’s current portfolio includes the Landmark Center mixed-use development, Lafayette Corporate Center and 45 Province.
Contacts:
Robert M. Herron, HFF Senior Managing Director, (617) 338-0990, rherron@hfflp.com
Gregory F. Labine, HFF Director, (617) 338-0990, glabine@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com
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